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Renascent Entrepreneurship

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Author Info
Stam, F.C.
Audretsch, D.B.
Meijaard, J. (Erasmus Research Institute of Management (ERIM), RSM Erasmus University)

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Abstract

Why should individuals that have exited their firm consider re-entering into entrepreneurship, i.e. become renascent entrepreneurs? According to the logic of economic models of firm dynamics there is no reason to re-enter into entrepreneurship following termination of a previous firm. In contrast, research on nascent entrepreneurship has shown the positive effect of entrepreneurial experience on planning a new firm start. Based on the empirical evidence from a database consisting of ex-entrepreneurs, this study shows that renascent entrepreneurship is a pervasive phenomenon in current society. Especially entrepreneurial human and social capital induce renascent entrepreneurship. In addition, the nature of the firm exit also affects the probability of renascent entrepreneurship.

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Publisher Info
Paper provided by Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam. in its series Research Paper with number ERS-2006-017-ORG Revision_Date: 2008-04-17.

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Date of creation: 29 Mar 2006
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Handle: RePEc:dgr:eureri:30008468

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Keywords: Entrepreneurial Preferences Entrepreneurial Skills Firm Exit Renascent Entrepreneurship Economics of Entrepreneurship

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  24. Evans, David S & Jovanovic, Boyan, 1989. "An Estimated Model of Entrepreneurial Choice under Liquidity Constraints," Journal of Political Economy, University of Chicago Press, vol. 97(4), pages 808-27, August. [Downloadable!] (restricted)
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  1. Metzger, Georg, 2006. "Once bitten, twice shy? : The performance of entrepreneurial restarts," ZEW Discussion Papers 06-83, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research. [Downloadable!]
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